"When the company reported Q3 earnings on Oct. 30, it beat on the top and bottom lines, with EPS of $1.95 vs. an estimated $15.7, and revenue of $180.17 vs. $177.80 estimated. Meanwhile, revenue from Amazon Web Services was $33 billion and revenue from advertising was $17.7 billion. Concerns about the company's enormous AI CapEx remain, but after the Q3 earnings call, the stock was rewarded by bullish investor sentiment, hitting its first record high since February 2025."
"In October, leaked documents revealed that the company is aiming to replace around 600,000 Amazon jobs with robots, with the management team estimating that the effort could trim 30 cents off each item purchased via the e-commerce giant by 2027. In July, the company deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
Amazon shares have been volatile, losing 2.33% over the past five trading sessions after a prior 3.48% gain, leaving year-to-date gain at 3.50% and one-year gain at 0.81%. Q3 results showed EPS of $1.95 versus an estimated $15.7 and revenue of $180.17 versus $177.80 estimated; AWS revenue was $33 billion and advertising revenue $17.7 billion. Concerns about large AI capital expenditures persist even as investor sentiment lifted the stock to a recent record. Plans to replace roughly 600,000 jobs with robots and a June launch of the Nova AI model aim to cut costs and compete with leading AI offerings.
Read at 24/7 Wall St.
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